Hasegawa, Hikaru; Kozumi, Hideo - In: Journal of Business & Economic Statistics 19 (2001) 3, pp. 292-98
In this article, we consider the Bayesian estimation of Engel curves specified as the Working-Leser form with the measurement errors on both the left and the right sides. It is noteworthy that in the Bayesian approach no additional variation data (i.e., instrumental variables) are required in...